ETHEREUM CLASSIC - ETC/USD - 15 min. - Technical analysis published on 06/22/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 37.96 USD
My targets
35.15 USD (-5.63%)
30.90 USD (-17.06%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 37.96 USD remains possible. It is advisable to trade ETHEREUM CLASSIC - ETC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 37.96 USD. The next bearish objective for sellers is set at 35.15 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 30.90 USD. In case of crossing, the next objective would be the support located at 22.90 USD. PS: if there is a bullish break in the resistance located at 37.96 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USD rating 37.25 USD. The price is lower by -5.48% since the last closing with the lowest point at 32.31 USD and the highest point at 41.38 USD. The deviation from the price is +15.29% for the low point and -9.98% for the high point.32.31
41.38
37.25
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 15 min. chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 15 minutes
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.49 | 17.00 | 37.25 | 38.31 | 41.93 | 46.59 |
| Change (%) | -87.95% | -54.36% | - | +2.85% | +12.56% | +25.07% |
| Change | -32.76 | -20.25 | - | +1.06 | +4.68 | +9.34 |
| Level | Major | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.90 | 30.90 | 35.15 | 43.15 | 47.40 | 55.40 | 59.65 |
| Camarilla | 36.04 | 37.16 | 38.29 | 39.41 | 40.53 | 41.66 | 42.78 |
| Woodie | 21.04 | 29.96 | 33.29 | 42.21 | 45.54 | 54.46 | 57.79 |
| Fibonacci | 30.90 | 35.58 | 38.47 | 43.15 | 47.83 | 50.72 | 55.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.96 | 44.28 | 47.66 | 53.98 | 57.36 | 63.68 | 67.06 |
| Camarilla | 48.36 | 49.25 | 50.14 | 51.03 | 51.92 | 52.81 | 53.70 |
| Woodie | 36.48 | 43.55 | 46.18 | 53.25 | 55.88 | 62.95 | 65.58 |
| Fibonacci | 44.28 | 47.99 | 50.28 | 53.98 | 57.69 | 59.98 | 63.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -120.17 | -40.05 | 15.07 | 95.19 | 150.31 | 230.43 | 285.55 |
| Camarilla | 33.01 | 45.41 | 57.80 | 70.20 | 82.60 | 94.99 | 107.39 |
| Woodie | -132.66 | -46.30 | 2.58 | 88.94 | 137.82 | 224.18 | 273.06 |
| Fibonacci | -40.05 | 11.61 | 43.53 | 95.19 | 146.85 | 178.77 | 230.43 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.68 | |
| MACD (12,26,9): | -0.6600 | |
| Directional Movement: | 5.73 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 34.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.06 | |
| Elder Ray (13): | 1.74 | |
| Super Trend (3,10): | 34.41 | |
| Zig ZAG (10): | 37.16 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 87.31 | |
| TEMA (21): | 35.59 | |
| Williams %R (14): | -11.93 | |
| Chande Momentum Oscillator (20): | 2.61 | |
| Repulse (5,40,3): | 3.5900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4200 | |
| Courbe Coppock: | 2.92 |
| MA7: | 48.57 | |
| MA20: | 56.42 | |
| MA50: | 73.57 | |
| MA100: | 48.21 | |
| MAexp7: | 34.78 | |
| MAexp20: | 35.83 | |
| MAexp50: | 37.61 | |
| MAexp100: | 40.00 | |
| Price / MA7: | -23.31% | |
| Price / MA20: | -33.98% | |
| Price / MA50: | -49.37% | |
| Price / MA100: | -22.73% | |
| Price / MAexp7: | +7.10% | |
| Price / MAexp20: | +3.96% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | -6.88% |
Quotes :
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Real time data
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Cryptocompare
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